If you are prepared and know what you are doing you can find some great deals at a government auto auction. From people who owe the government money and lost their cars to other government cars not in service, you can find a wide selection of cars to choose from.
You will need to research where government auctions are held in your area. Generally they are held in the same place and usually at different times of the month. You can find this information online or in your local newspaper.
To get started here are 5 tips that will help you when participating at government auto auctions.
1. First of all you know how much you want to spend. You can establish your budget by doing a Google search for a car buying website and viewing the invoice price for the type of car you are looking for. Knowing the value before hand will help you to quickly determine a potential car you want to bid on.
2. Arrive early and get a list of cars available from the auctioneer. Off of this list come up with your own short list of cars that interest you. Take your time and do a visual inspection on each one. Since you are not allowed to test drive these cars you need to carefully look for interior or exterior damage. You can start the engine and listen to it run.
3. If you are not a mechanic you should take one with you to the auction. He will be able to recognize any engine problems or mechanical problems that may be of a concern to you.
4. Only bid on a car with a title and one that falls in price range you are willing to spend. Keep in mind that you are looking for value and getting a good deal for your interests.
5. Don’t get into a bidding war on emotion. Stick to your budget and you will feel better if your offer is accepted. Impulse buying is a bad idea at government auctions.
The key to these government auction tips is to be prepared. You can greatly help yourself by doing your research before hand or by making a quick phone call to someone at home to look up any information you need before the auction starts. You will be provided with VIN numbers and someone at home can go online and research with any online auto service to check for such things as wrecks or flood damage